Adding to concerns, a University of Michigan survey showed consumers’ 12-month inflation expectations soared to the highest in nearly 2-1/2 years in March

Street is sinking again, following other global markets lower, as worries deepen about whether President Donald Trump’s trade war will torpedo the global economy.

Wall Street is pointing toward major losses Monday, following enormous declines last week, as fears mount that U.S. tariffs announced by President Trump will slow global economic growth.

Trump's punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and driven worldwide stocks sharply downward. The S&P closed below 5,000 for the first time in nearly a year on Tuesday and is nearing a bear market,

The Trump administration is imposing increased tariffs on China after the deadline passed for the country to lift retaliatory tariffs, which were levied in response to President Donald Trump 's tariffs.

President Trump’s tariffs take effect.

Business owners say the rapid change in US trade policy, including major tariffs on China, has left operations in flux.

President Donald Trump just ignited a direct showdown with the one nation that might be able to beat the United States in a trade war.

Asian shares sank again on Wednesday as the latest set of U.S. tariffs, including a massive 104% levy on Chinese imports, was due to take effect. Japan’s Nikkei 225 index initially lost nearly 4% and markets elsewhere in the region also declined.